Archive for the ‘Chart School’ Category

King Dollar Created Multi-Year Topping Pattern?

Courtesy of Chris Kimble.

The currency markets often play a role in asset management for investors. And one key asset that pays close attention to the US Dollar is Gold (and precious metals). Could a near-term trend change be in store for the US Dollar… and its counterpart, the Euro? Precious metals bulls would love to see the US Dollar topping and the Euro bottoming.

In the chart below, you can see that the two currencies are showing similar reversal patterns – a traditional head and shoulders top for the US Dollar Index and an inverted head and shoulders bottom for the Euro.

BUT, they need to confirm these pattern by breaking down / up.

It’s worth noting that NOTHING has been proved so far, but the potential of both creating longer-term reversal patterns is there and traders should stay tuned.

US Dollar vs Euro Currency Chart – Reversal Patterns?

CLICK ON CHART TO ENLARGE

This post was written for See It Markets.com. To see original article CLICK HERE

To become a member of Kimble Charting Solutions, click here.





Dow Takes Out January Record Highs: “Congratulations USA!”

Courtesy of ZeroHedge. View original post here.

Thanks to investors buying the f**king trade tariff dip, The Dow Jones Industrial Average has finally taken out the January record highs…

Mission Accomplished…

The S&P 500 also pushed to new record highs…

And the president is paying attention…

S&P 500 HITS ALL-TIME HIGH Congratulations USA!

— Donald J. Trump (@realDonaldTrump) September 20, 2018

Just one thing…





Silver & Gold- Best buy point in 20-Years?

Courtesy of Chris Kimble.

CLICK ON CHART TO ENLARGE

This chart looks at the Silver/Gold Ratio over the past 30-years.  Historically when the ratio is heading higher it sends a message to be long and strong Gold & Silver.

When the ratio is heading lower, historically it’s been a great time to avoid Gold & Silver. The ratio has been heading lower since the highs back in 2011, suggesting it’s not the time to buy and hold Silver & Gold.

The decline in the ratio over the past 7-years has it currently testing the 1995 lows as well as a potential support line at (2).

Best time to buy Silver & Gold in the past 25-years? The ratio needs to find support and rally at (2) if it is to send a strong buy signal to Silver & Gold!

To become a member of Kimble Charting Solutions, click here.





Silver & Gold- Best buy point in 25-Years?

Courtesy of Chris Kimble.

CLICK ON CHART TO ENLARGE

This chart looks at the Silver/Gold Ratio over the past 30-years.  Historically when the ratio is heading higher it sends a message to be long and strong Gold & Silver.

When the ratio is heading lower, historically it’s been a great time to avoid Gold & Silver. The ratio has been heading lower since the highs back in 2011, suggesting it’s not the time to buy and hold Silver & Gold.

The decline in the ratio over the past 7-years has it currently testing the 1995 lows as well as a potential support line at (2).

Best time to buy Silver & Gold in the past 25-years? The ratio needs to find support and rally at (2) if it is to send a strong buy signal to Silver & Gold!

See a free preview of a recent metals report here

To become a member of Kimble Charting Solutions, click here.





Mania to Mania

 

Mania to Mania

Courtesy of 

“Russell rarely played the stock market and had little investing experience when he put around $120,000 into bitcoin in November 2017.”

This comes from a CNN money article, Bitcoin crash: This man lost his savings when cryptocurrencies plunged. From January 2017 through the peak in early 2018, Ethereum gained 16,915%.

Any time you have something go vertical, you just know that some people are going to get swept up in the mania.

This is how the markets have always and will forever function. Jamie Catherwood, writing on the same subject today, said “Repeatedly, and assuredly, investors move from mania to mania, sacrificing long-term gains for short-term speculations.”

Ethereum is now nearly 90% off its peak in February (remarkably still up 2,000%) since beginning of 2017.

Today’s Ethereum is Tilray, a Canadian Cannabis company, which went public in July, and is already up close to 500%. This is sure to attract the same type of people looking to get in on the next big move.

Tilray recently reported that quarterly revenues doubled y/o/y to $9.7 million. 100% revenue growth is great, but the thing is, it now has a market cap of $11 billion with $28 million in sales over the last twelve months. Macy’s also has a market cap of $11 billion, and it does $70 million in sales a day. I know this is comparing apples to marijuanas but still, you get the point. Animal spirits has clearly taken over in this example.

There’s nothing wrong with wanting to get in on the action, but if you’re going to invest recklessly and just fling money into something you know nothing about, don’t be Russell. Only invest money you are willing to light on fire.

The unfortunate reality is that people are going to be people. Nothing can teach you the dangers of getting caught up in a frenzy like experience, and some people have to just learn these lessons the hard way.





Connect Series Webinar September 2018

Courtesy of Chris Kimble.

We cover dominating patterns in major global Indices, sectors, commodities and the metals markets.  We produce chart pattern analysis and empower people to improve entry and exit points.

To become a member of Kimble Charting Solutions, click here.





Connect Series Webinar July 2018

Courtesy of Chris Kimble.

We cover dominating patterns in major global Indices, sectors, commodities and the metals markets.  We produce chart pattern analysis and empower people to improve entry and exit points.

To become a member of Kimble Charting Solutions, click here.





Gold Miners Attempting Multi-Year Breakout

Courtesy of Chris Kimble.

CLICK ON CHART TO ENLARGE

The Junior Miners/Senior Miners Ratio (GDXJ/GDX) can often signal when key turning points are about to take place for Gold & Silver Miners.

Above looks at this ratio, which highlights that a multi-year narrowing pennant pattern has been forming (higher lows and lower highs).

Despite Gold, Silver, GDX, and GDXJ heading much lower over the past several months, this important ratio has actually been heading higher and it is facing a key breakout test at (1).

Should this ratio breakout, it would send a short-term bullish message to the out of favor mining sector.

Below looks at the spread between the S&P 500 and Gold/Silver Index (XAU) over the past 7-years

CLICK ON CHART TO ENLARGE

If the GDXJ/GDX ratio breaks out, the odds increase that the large spread between the S&P and the XAU index will narrow!

If you are interested in short & long-term investment solutions for Gold, Silver, Miners, and Copper, being a Metals Member could become a big advantage for you!

To become a member of Kimble Charting Solutions, click here.





Weekly Market Recap Sep 16, 2018

Courtesy of Blain.

Slow and steady drip up all this past week in a very quiet news environment.  A gap down top open the day Tuesday (which was recovered quickly) and a gap up Thursday (which held) were the highlights!

The latest on TRADE WARS!(tm):

Tuesday, news hit that China vowed to retaliate and plans to ask the World Trade Organization next week for permission to impose sanctions on the U.S. for Washington’s noncompliance with a ruling in a dispute over U.S. dumping duties, Reuters reported. That’s part of a dispute that goes back to 2013.

“Trade wars are certainly a concern, but I don’t know that they’re a one-moment-in-time thing. So far we’ve looked past them, but over the longer term a trade war could be very damaging,” said Richard Weeks, managing partner at VWG Wealth Management.  Despite that, Weeks said he remained cautiously optimistic about stocks. “Between high corporate profits, stock buybacks, and muted interest rates, there’s still an underlying bid to the market no matter how you slice it. There are still plenty of things to be concerned about, but there aren’t enough reasons to be too pessimistic,” he said.

The U.S. economy grew at a “moderate pace” even though there were pockets of weaker activity in certain districts, according to the latest Beige Book released Wednesday. Trade concerns and a lack of workers are also delaying projects, the report said.

For the week the S&P 500 gained 1.2% and the NASDAQ 1.4%.

Economic news was sparse and not market moving.  Friday, retail sales were reported as rising 0.1% vs 0.3% expectations but the market ignored the news.

Pot continues to be “hot” – another massive move this week for Tilray (TLRY).

Transports are also at highs so it is difficult to get too bearish on stock when that is happening.

Here is the 5 day weekly “intraday” chart of the S&P 500 … via Jill Mislinski.

The week ahead…

We are back to…
continue reading





US Stocks Rally, Shrug Off Treasury Curve Crumble, Macro Data Dump

Courtesy of ZeroHedge. View original post here.

Ignore it all…

Chinese stocks slipped lower once again with CHINEXT (China's tech/small cap index) tumbling the most to its lowest since August 2014…

European Stocks rallied though led by Italy and Spain

Trannies outperformed among the US majors while Small Caps lagged – though all closed the week higher…

S&P 2900 was defended again despite the tumble on the heels of Trump's trade tariff headlines…

FANG Stocks managed to hold gains on the week…

Outperforming Financials once again…

Tesla stock and bond prices rebounded this week, but bonds remain dramatically decoupled from stocks…

High Yield bonds had a big week (best in 5 months), erasing all the losses from last week's gap down…bouncing off critical technical support

Treasury yields rose across the board with the short-end rising more than the long-end…

Flattening the curve notably on the week…

10Y Yield touched 3.00% briefly…

The Dollar ended lower on the week…

But remains rangebound…

Offshore Yuan fell for the 3rd week in a row – after its brief respite – to its weakest weekly close against the dollar since May 2017

Emerging Market FX rallied broadly on the week…

But Brazil and Argentina struggled…

The Argentine Peso closed at a new record low…

Thanks to a late-week surge, Bitcoin managed to end the week marginally higher but the rest of the crypto space was lower – but well off mid-week carnage lows…

Despite a weaker dollar, commodities fail to capitalize…

Copper tumbled and gold futures traded back below $1200…

Finally, we note that 'hard' US macro data (i.e. not 'soft' survey data), tumbled for the 8th week in the last 9 to its most disappointing since Oct 2017…





 
 
 

Phil's Favorites

Why tech giants have little to lose (and lots to win) from new EU copyright law

 

Why tech giants have little to lose (and lots to win) from new EU copyright law

Copyright, and copyright laws, will not always match expectations. inkninja, CC BY

Courtesy of Maurizio Borghi, Bournemouth University

The new European Union Copyright Directive, passed recently by the European parliament after a ...



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Kimble Charting Solutions

King Dollar Created Multi-Year Topping Pattern?

Courtesy of Chris Kimble.

The currency markets often play a role in asset management for investors. And one key asset that pays close attention to the US Dollar is Gold (and precious metals). Could a near-term trend change be in store for the US Dollar… and its counterpart, the Euro? Precious metals bulls would love to see the US Dollar topping and the Euro bottoming.

In the chart below, you can see that the two currencies are showing similar reversal patterns – a traditional head and shoulders top for the US Dollar Index and an inverted head and shoulders bottom for the Euro.

BUT, they need to confirm these pattern by breaking down / up.

It’s worth noting that NOTHING has been proved so far, but the potential of both creating longer-term reversal patterns is there and traders should stay tuned.

US D...



more from Kimble C.S.

Zero Hedge

Italy's 5 Star Threatens To Ditch Coalition Over Budget Talks, Italian Bonds Slide

Courtesy of ZeroHedge. View original post here.

While the market turmoil over Italy's budget has quieted down in recent weeks as a result of soothing words by the ruling coalition that it would comply with European demands, that snapped moments ago when DPA reported that the leader of Italy's Five Star Movement has threatened to pull the plug on the country's populist government if it cannot find money to implement election campaign promises.

"If we do not find the resources to do what we have said, then it is better for us to go home, there is no point in...



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ValueWalk

How Soon Will A.I. Replace All The Traders: Q&A With Gaurav Chakravorty, CIO Of Qplum

By Jacob Wolinsky. Originally published at ValueWalk.

VW: Tell our readers, what is Qplum?

Qplum is an AI-driven investment management firm. We manage money for individuals, families, and institutions. We actively manage investments using machine learning and deep learning technology.

Our three product lines are:

  1. Wealth, servicing the financial needs of individuals and families via separately managed accounts.
  2. Alpha, for institutional clients only, where we offer different products like GTAA (Global Tactical Asset Allocation), managed futures program, etc. and
  3. Solutions, where we work on customized tactical asset allocation solutions for pension funds and family offices to target a dual loss-aversion and return-seeking investment mandate.

[REITs]

...

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Insider Scoop

Morgan Stanley Bullish On Amazon's New Automated Stores

Courtesy of Benzinga.

Related AMZN Stitch Fix Falls After Piper Jaffray Downgrade; Analyst Says 'Smallest Hint Of Pressure' Could Threaten Valuation ...

http://www.insidercow.com/ more from Insider

Digital Currencies

Mania to Mania

 

Mania to Mania

Courtesy of 

“Russell rarely played the stock market and had little investing experience when he put around $120,000 into bitcoin in November 2017.”

This comes from a CNN money article, Bitcoin crash: This man lost his savings when cryptocurrencies plunged. From January 2017 through the peak in early 2018, Ethereum gained 16,915%.

Any time you have something go vertical, you just know that some peopl...



more from Bitcoin

Chart School

Weekly Market Recap Sep 16, 2018

Courtesy of Blain.

Slow and steady drip up all this past week in a very quiet news environment.  A gap down top open the day Tuesday (which was recovered quickly) and a gap up Thursday (which held) were the highlights!

The latest on TRADE WARS!(tm):

Tuesday, news hit that China vowed to retaliate and plans to ask the World Trade Organization next week for permission to impose sanctions on the U.S. for Washington’s noncompliance with a ruling in a dispute over U.S. dumping duties, Reuters reported. That’s part of a dispute that goes back to 2013.

“Trade wars are certainly a concern, but I don’t know that they’re a one...



more from Chart School

Members' Corner

Nike, Colin Kaepernick and the pitfalls of 'woke' corporate branding

 

Adding this article to Members Corner, in case anyone wants to share their opinions on Nike and Kaep, or on divisiveness in general. Also see the article I mentioned in the comments section, "A Warning From Europe: The Worst Is Yet to Come" and What’s behind the current wave of ‘corporate activism’? ~ Ilene

Nike, Colin Kaepernick and the pitfalls of 'woke' corporate branding

Courtesy of Simon Chadwick, University of Salford...



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Biotech

Gene-editing technique CRISPR identifies dangerous breast cancer mutations

Reminder: Pharmboy is available to chat with Members, comments are found below each post.

 

Gene-editing technique CRISPR identifies dangerous breast cancer mutations

Breast cancer type 1 (BRCA1) is a human tumor suppressor gene, found in all humans. Its protein, also called by the synonym BRCA1, is responsible for repairing DNA. ibreakstock/Shutterstock.com

By Jay Shendure, University of Washington; Greg Findlay, ...



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Mapping The Market

Mistakes were Made. (And, Yes, by Me.)

Via Jean-Luc:

Famed investor reflecting on his mistakes:

Mistakes were Made. (And, Yes, by Me.)

One that stands out for me:

Instead of focusing on how value factors in general did in identifying attractive stocks, I rushed to proclaim price-to-sales the winner. That was, until it wasn’t. I guess there’s a reason for the proclamation “The king is dead, long live the king” when a monarchy changes hands. As we continued to update the book, price-to-sales was no longer the “best” single value factor, replaced by others, depending upon the time frames examined. I had also become a lot more sophisticated in my analysis—thanks to criticism of my earlier work—and realized that everything, including factors, moves in and out of favor, depending upon the market environment. I also realized...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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